madoffed

to be scammed (think madoff)

Have your parents been madoffed?

by lol omg January 8, 2009

Madoffed

To be scammed in a financial, or Ponzi scheme. Money lost is often several millions of dollars.

Steve: You hear about that cheesedick on Wall street that suckered everyone into giving him money, then ran off on his Yacht?

Charles: Yeah, they got Madoffed.

by Client 09 January 9, 2009